Hi all, been a while since I've posted, since Jim left Vitran nearly a year ago now (and hasn't missed it one bit, especially after seeing all of the merger problems). He asked me a question tonight and while I think I know the answer, I wanted to pose it here and see what the right answer is (rather than tell him what I think it is and possibly be wrong).
He first asked me what happens to employee records when a company gets bought out. Honestly, after a period of time, I'm pretty sure the new owners would no longer care about the employee records from the previous company; at the time I was thinking he wanted to know if FedEx would still be able to verify his Watkins employment. Well that's not what he wanted to know at all. He actually is wondering where his tax form is going to come from for his employment at Vitran, now that they are part of CT. I would think that, by law, CT would have to maintain the records for a period of time (ten years?? longer??).
His ACTUAL question is "Would my tax form come from CT, or from Vitran Canada?" I don't see how it would come from Canada, since 1) they are in the process of being merged into Manitoulin Transport, and 2) his records were maintained by Vitran USA and his tax forms came from Vitran USA last time. So my assumption is that CT is now charged with the responsibility of sending those out, am I correct? Thanks everybody!
He first asked me what happens to employee records when a company gets bought out. Honestly, after a period of time, I'm pretty sure the new owners would no longer care about the employee records from the previous company; at the time I was thinking he wanted to know if FedEx would still be able to verify his Watkins employment. Well that's not what he wanted to know at all. He actually is wondering where his tax form is going to come from for his employment at Vitran, now that they are part of CT. I would think that, by law, CT would have to maintain the records for a period of time (ten years?? longer??).
His ACTUAL question is "Would my tax form come from CT, or from Vitran Canada?" I don't see how it would come from Canada, since 1) they are in the process of being merged into Manitoulin Transport, and 2) his records were maintained by Vitran USA and his tax forms came from Vitran USA last time. So my assumption is that CT is now charged with the responsibility of sending those out, am I correct? Thanks everybody!